皇冠体育寻求亚洲战略合作伙伴,皇冠代理招募中,皇冠平台开放会员注册、充值、提现、电脑版下载、APP下载。

首页社会正文

Fed's Powell: 'Pain' of tight policy, slow growth needed 'for some time' to beat inflation

admin2022-10-156

在线博彩平台www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。在线博彩平台上最新在线博彩平台登录线路、在线博彩平台代理网址更新最快。在线博彩平台开放皇冠官方会员注册、皇冠官方代理开户等业务。

Federal Reserve Chair Jerome Powell -Tom Williams/Pool via REUTERS/File Photo

JACKSON HOLE, Wyo: The U.S. economy will need tight monetary policy "for some time" before inflation is under control, a fact that means slower growth, a weaker job market and "some pain" for households and businesses, Federal Reserve Chair Jerome Powell said on Friday in remarks warning there is no quick cure for fast rising prices.

"Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses," Powell said in prepared remarks for a speech to the Jackson Hole central banking conference in Wyoming.

"These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain."

As that pain gets greater, Powell said, people should not expect the Fed to dial back quickly until the inflation problem is fixed. Some investors anticipate the Fed will flinch if unemployment rises too fast, with some even penciling in interest rate cuts next year, an outlook U.S. central bank officials have leaned hard against in recent weeks.

To the contrary, some policymakers have indicated even a recession would not dissuade them if prices aren't convincingly heading back to the Fed's 2% target. Powell gave no indication on Friday of how high interest rates might rise before the Fed is finished, only that they will move as high as needed.

,

博彩平台大全www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。博彩平台大全上最新博彩平台登录线路、博彩平台代理网址更新最快。博彩平台大全开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

"The historical record cautions strongly against prematurely loosening policy," Powell said. "We must keep at it until the job is done. History shows that the employment costs of bringing down inflation are likely to increase with delay."

Powell did not hint at what the Fed might do at its upcoming Sept. 20-21 policy meeting. Officials are expected to approve either a 50-basis-point or 75-basis-point rate increase.

Recent data have shown some small decline in inflation, with the Fed's closely watched personal consumption expenditure price index falling in July to 6.3% on an annual basis, from 6.8% as of June.

But "a single month's improvement falls far short of what the Committee will need to see before we are confident that inflation is moving down," Powell said, referring to the central bank's policy-setting Federal Open Market Committee.

Other statistics have shown what Powell said was "strong underlying momentum," with the job market "clearly out of balance" given job openings are far in excess of the number of unemployed.

The decision of how much to increase rates "will depend on the totality of the incoming data and the evolving outlook," Powell said, with further jobs and inflation reports to come.

网友评论

2条评论
  • 2022-09-16 00:12:50

      中小银行的主责主业是什么?“支农支小”,即服务“三农”、小微企业、个体工商户等经济社会发展的薄弱环节。此前,银行业“垒大户”曾盛极一时,大企业门庭若市,小企业门可罗雀。此现象既与发展初期的规模情结有关,也与银行业层次单一有关。为了形成多层次、广覆盖、有差异的银行体系,为了满足不同类型企业的个性化融资需求,监管部门陆续批设了多家中小银行,鼓励它们深耕当地、走特色经营之路、持续提升普惠金融服务能力。由此可见,中小银行的定位就是普惠金融服务的补充者,“支农支小”不仅是它们的主责主业,更是天职。我也想写这么好的

热门标签